President Donald Trump today stated that the United States will take control of Venezuela's operations. This includes tapping into the country's vast crude oil reserves. The move follows the U.S. military's capture of former Venezuelan President Nicolás Maduro.
Trump explained that the U.S. will run Venezuela until a safe and proper transition happens. He emphasized the need to get the oil flowing again. "We're going to run it and we're going to get the oil flowing," Trump said during a press briefing.
The President highlighted Venezuela's huge oil reserves, the largest in the world. He plans to sell large amounts of this oil to other countries. This will help rebuild Venezuela's economy and infrastructure. U.S. oil companies must help fix the country's oil facilities to get compensation for past losses.
Trump added that this step will bring stability to the region. It also aims to support a fair election in Venezuela soon. The U.S. will work with interim leaders during this time.
This announcement comes after a large-scale U.S. operation in Venezuela. Maduro and his wife are now in U.S. custody. The White House calls this a win for democracy and security.